State law decides who keeps the engagement ring, if the engagement is over. Courts generally treat the engagement ring as a gift, from the donor to the donee. A court will consider an engagement ring as a legal gift if:
- the donor has intention to give the ring as a gift,
- the donor delivers the ring to the donee, and
- the donee accepts the ring.
However, the majority of courts find that the gift of an engagement ring contains an implied condition of marriage and that acceptance of the proposal is not the underlying “deal.”